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Palmetto State News

Wednesday, November 6, 2024

Seabrook Island home prices rise in October 2020

Realestate2

The median sale price of a home sold in October 2020 in Seabrook Island rose by $388,000 while total sales increased by 54.5%, according to BlockShopper.com.

In October 2020, there were 17 homes sold, with a median sale price of $644,500 - a 151.3% increase over the $256,500 median sale price for the same period of the previous year. There were 11 homes sold in Seabrook Island in October 2019.

The median sales tax in Seabrook Island for the most recent year with available data, 2019, was $3,566, approximately 0.6% of the median home sale price for October 2020.

The following table compares Seabrook Island to other Charleston County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Isle of Palms3211190.9%$825,000$603,00036.8%
Folly Beach714-50%$660,000$550,95019.8%
Seabrook Island171154.5%$644,500$256,500151.3%
Drayton10-$600,000$0-
Kiawah Island2510150%$589,500$412,50042.9%
Edisto Island41300%$588,500$327,00080%
Hollywood46-33.3%$572,500$382,50049.7%
Green Acres10-$550,000$0-
Mount Pleasant16312134.7%$489,000$450,0008.7%
Meggett10-$465,000$0-
Lincolnville10-$465,000$0-

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